King Khalid International Airport in Riyadh has resumed limited operations, two weeks after a deadly Houthi missile attack forced its closure, even as the Saudi-led coalition launched military operations against the Iran-backed group in Yemen, destroying missile launchers.
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Omani investment group Mubbadrah Investment has announced that its consortium - comprising local and international companies - is set to develop an artificial intelligence (AI) data centre in the sultanate at a total investment of over $3 billion. Once completed, it will have a capacity of up to 400 megawatts (MW).
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The Gulf Cooperation Council (GCC) is emerging as a major data centre growth market, with more than 174 active projects representing over $93 billion in investment. Artificial intelligence (AI), cloud computing and digital transformation are driving demand for new capacity, according to MEED.
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The UAE plans to invest an additional $15 billion in Greece over the next five to eight years, targeting energy, hospitality, artificial intelligence, technology, industry and infrastructure, according to Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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Saudi Aramco has ordered the evacuation of all remaining staff from its headquarters in Dhahran, eastern Saudi Arabia, and instructed employees to work remotely until further notice, various news channels have reported quoting sources.
Saudi Arabia led Gulf winners at the 2026 American Concrete Institute Excellence in Concrete Construction Awards, with its projects (NovusCrete, King Salman International Complex and Aramco Stadium) securing first-place honours in three categories, while Dubai’s Wasl Tower won in the high-rise structures category.
ADCB, one of the top UAE banks, reported record profit before tax of AED11.67 billion ($3.18 billion) for the first nine months of 2026 and AED4.063 billion in Q3, both up 28% YoY, marking 21 consecutive quarters of profit growth.
Saudi Arabia’s crude oil production rose to 8 million barrels per day (mbpd) in September 2026, an increase of 12.2% month-on-month, while Brent crude prices settled at $103.5 per barrel at the end of the month, according to Al Rajhi Capital Research.
Humain, a unit of Saudi wealth fund PIF and DataVolt, a key developer of sustainable digital infrastructure, have sealed a framework agreement with leading AI cloud company Nebius for a giga campus facility at Oxagon located within Saudi Arabia's mega futuristic city NEOM.
The United Arab Emirates has formally nominated Lana Zaki Nusseibeh, Minister of State, as a candidate for the position of Secretary-General of the United Nations.
Emirates Integrated Telecommunications Company (du) reported a 10.8% year-on-year increase in net profit to AED2.4 billion ($653.51 million) for the first nine months of 2026, supported by sustained demand for connectivity and digital services.
Dammam's King Fahd International Airport was targeted by an attack on Wednesday evening, killing one person, said Saudi Arabia's General Authority of Civil Aviation (GACA).
Saudi Arabia's crude oil exports rose nearly 8 per cent in August to their highest level since March, signalling a continued recovery in shipments despite the prolonged disruption to regional energy flows caused by the Middle East conflict.
Dubai master-developer Nakheel has announced that it has awarded Parkway International a construction contract valued at over AED950 million ($259 million) for Phases 2 and 4 of Bay Grove Residences on Dubai Islands. It covers 617 homes ranging from one to four-bedroom across eight residential buildings.
Abu Dhabi National Energy Company (TAQA) has priced a $1.75 billion dual-tranche bond offering, comprising green notes and conventional notes, with the orderbook more than three times oversubscribed.
Royal Development Holding, a boutique premium real estate developer and subsidiary of Emirates Stallions Group, has announced that Mallside Hotel, Curio Collection by Hilton, is expected to open in the first quarter of 2027, with the project now in its final stages of development.
Dubai Chambers has launched “Chamber AI Hub”, the world’s first chamber-led Agentic AI marketplace, enabling companies operating in Dubai to access ready-to-use, specialised Agentic AI solutions that can perform a wide range of administrative and operational tasks.
At DCD>Connect | MENA 2026, Vertiv Holdings, a global leader in critical digital infrastructure, will demonstrate converged physical infrastructure, integrating power, thermal management, IT infrastructure and digital services at the system level.
The Gulf is one of the most active investment regions in the world. Diversification efforts have opened sectors from logistics and healthcare to technology, energy and financial services, and international capital has followed. But deals in the region rarely stall over price – they stall over process, timing and people. Investors who understand this early tend to close faster and build stronger partnerships.
Sugee Group, a leading international real estate developer with nearly four decades of experience, has announced a strategic partnership with Wyndham Hotels & Resorts to develop the world’s first Vienna House branded residences on Al Marjan Island in Ras Al Khaimah.
Alkalma Health and Wellbeing and Takalam digital platform for mental well-being joined efforts to develop a more connected mental health and wellbeing offering in the UAE.
The University of Tabuk will host the 2026 Gulf Cybersecurity Forum bringing together experts, researchers, and specialists through a virtual platform.
The inaugural International Gifts & Products Exhibition has opened at the Jeddah Exhibition and Events Centre, operated by the Jeddah Chamber, and will run until October 31.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group, has said that Moody’s Ratings has affirmed the corporation’s Aa3 Insurance Financial Strength Rating (IFSR) with a Stable Outlook.
Aseer Region Municipality, represented by Khamis Mushait Municipality, has completed the development of a new site for car showrooms north of the governorate, spanning more than 500,000 sq m.
Abu Dhabi will host the Hexagon World Series padel tournament in October 2027, bringing the professional team padel circuit to the emirate for the first time.
King Khalid International Airport in Riyadh has resumed limited operations, two weeks after a deadly Houthi missile attack forced its closure, even as the Saudi-led coalition launched military operations against the Iran-backed group in Yemen, destroying missile launchers.
